Lancope will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. Under the terms of the agreement, Cisco will pay cash and assumed equity awards, plus additional retention based incentives for Lancope employees who join Cisco.

The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2016, which ends in January, 2016.

Jim Duffy has been covering technology for over 28 years, 23 at Network World. He covers enterprise networking infrastructure, including routers and switches. He also writes The Cisco Connection blog and can be reached on Twitter @Jim_Duffy and at jduffy@nww.com.